Volcker warns of ‘permeable’ Vickers ring fence

Daniel Hinge
@dan_hinge
17 Oct 2012

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Ring fences surrounding retail banks, as proposed by the Vickers report, are "permeable", with loopholes likely to grow over time, Paul Volcker, a former chairman of the Federal Reserve, told the UK's Parliamentary Commission on Banking Standards today (October 17).

Under the proposals of the Vickers report, banking groups will have to place retail operations in a separate legal entity to investment activities. However, the group will be allowed to keep ownership of both arms. This is in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]